BANKRUPTCY CHARGES CAN DOUBLE A DEBT.

You could lose your home and ADD bankruptcy fees and/or costs of up to £60,000 if you let trustees control repayment of your  debt*.

*A trustee charged to manage a banckruptcy and ensure all debt is repaid can charge c.£300 per hour and you could be charged a Secretary of State fee of 17.5% on the amount raised from the sale of your home to repay your bankrupt debt.

Meanwhile, your bankruptcy creditors can also claim 8% statutory interest on outstanding amounts.

• You will  save money the sooner you can repay your debts.
• Your house can be forcibly sold  up to three years after your bankruptcy order if there is no other way to repay your debts. 
• You will probably get a higher price for your house if you sell it yourself and you could avoid thousands of pounds in added cost.

Continue reading Avoid Bankruptcy Charges & Trustee Fees →

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